More and more Florida residents are getting married past the age of 50. It is certainly exciting any new couple falls in love and gets married, but from the perspective of a seasoned Florida divorce lawyer, it's always best to take precautions before and during...
Elderly Divorce
401(k) accounts and divorce
If either you or your spouse own a 401(k) account, the assets inside it will likely be divisible during your divorce proceedings. However, this certainly doesn't make it easy to divide a 401(k) between two people. Let's take a look at a few issues you need to keep in...
Don’t forget about the other man in your divorce: Uncle Sam
If you're a baby boomer considering divorce during your golden years, there are some financial concerns you will want to keep in mind. For example, what will happen to you and your spouse's 401(k), IRAs and other retirement savings? Will you be able to enjoy the same...
Tips for going through a divorce after 50
Did you think you were "too old to get a divorce?" Think again. More seniors in the United States are getting divorced than ever before. Divorce figures for couples over the age of 50 have increased substantially in recent years according to a study published by...
Man has to get wife’s permission for gray divorce
It is something that you may not think about as a senior citizen in a divorce, but it's a topic the courts will consider -- your mental competence. When it comes to gray divorce, we often only focus on asset division, tax liability, and even child support. For one...
Why are more older couples getting divorced?
More and more older couples are deciding to end their marriages after decades of being together. If you are over the age of 50 and you're considering ending your marriage, you probably know exactly why you want to make such a move. You should also know that you're not...
Elderly people sometimes divorce to change Medicaid benefits
When one spouse needs long-term care, it can be a significant drain on the couple's assets. There have been situations in which long-term care needs eat up the money people were saving for retirement. Of course, once a couple's assets are low enough, they can just get...
It’s tough on adult children when parents split up
When you think about divorce being tough on kids, you typically think of young children who still live at home. These are school-aged kids who wanted a stable home environment. Parents will even, in some cases, decide to stay together until the kids grow up and then...
